Vizient and Captis Announce Partnership to Create an Integrated Supply Chain for Network

2 weeks ago

IRVING, Texas–(BUSINESS WIRE)–Vizient
announces it will create a centralized item master tool for a supply
chain innovation program envisioned by the Captis®
network of member hospitals and providers. The new solution will begin
to establish a virtual, cohesive supply chain capable of sharing timely
information among the network’s members, suppliers, and staff.

Captis is a collaborative, member-driven and owned aggregation group
with over 80 health systems, 300+ contracts in its portfolio and $10
billion in annual member supply spend. Captis is supported by two
service providers, Mayo Clinic Supply Chain and Vizient Member Business
Ventures.

Over the past year, Captis members have defined the program vision and
provided business plan input. As a result of these efforts and a
rigorous vendor selection process, Captis members have chosen Vizient to
develop the program. Vizient will leverage its supply operations
solutions, internal supply chain experts as well as innovative technical
capabilities to reduce supply chain costs through the streamlined
platform. This capability for a group of IDNs is not provided by any
other system on the market today.

“We are excited to be working with Captis to help them achieve their
ambitious goal of significantly reducing costs within the healthcare
supply chain of their collective membership,” said Steve Downey, group
senior vice president, supply chain operations for Vizient. “Based upon
this singular view of their supply chain, the manufacturing, storage,
shipping and handling activities can be optimized to reduce variability
and costs.”

Captis is always looking for areas where they can add value by becoming
operationally synergetic. The program will initially focus on creating a
centralized and automated virtual item master that contains item
description data and the associated information for all items in
inventory. This creates a common dictionary and data repository for all
members, allowing translation from the Captis item master to their local
systems. After the item master is intact, additional capabilities such
as an inventory management component will be vetted. This could include
visibility into, and transparency of, inventory levels among network
members, suppliers and staff.

“The Captis Supply Chain Innovation Program, is a multiphase project.
This first phase will establish the technical functionality, business
processes and support services needed to effectively create a virtual
item master across our members, all of who now have varying systems,”
said Brenda Peterson, vice president and general manager for Captis.
“Our members are very innovative and strategic thinkers; the
possibilities of what this program could do are endless for them.”

This project is indicative of Captis’ leadership in a broadening trend
to move beyond the domain of commodity group purchasing into
sophisticated business arrangements that deliver savings and additional
mutual benefits for members.

About Vizient, Inc.

Vizient, Inc., the largest member-driven health care performance
improvement company in the country, provides innovative data-driven
solutions, expertise and collaborative opportunities that lead to
improved patient outcomes and lower costs. Vizient’s diverse membership
base includes academic medical centers, pediatric facilities, community
hospitals, integrated health delivery networks and non-acute health care
providers and represents approximately $100 billion in annual purchasing
volume. The Vizient brand identity represents the integration of VHA
Inc., University HealthSystem Consortium and Novation, which combined in
2015, as well as MedAssets’ Spend and Clinical Resource Management (SCM)
segment, including Sg2, which was acquired in 2016. In 2018, Vizient
again received a World’s Most Ethical Company designation from the
Ethisphere Institute. Vizient’s headquarters are in Irving, Texas, with
locations in Chicago and other cities across the United States. Please
visit www.vizientinc.com as
well as our newsroom, blog, Twitter, LinkedIn and YouTube pages
for more information about the company.

About Captis, LLC

Captis is a collaborative healthcare organization focused on delivering
increased clinical effectiveness and economic efficiency. Since the
organization was formed, Captis members have established proven
processes that generate value by committing to collective
decision-making. Captis is supported by two service providers, Mayo
Clinic Supply Chain and Vizient Member Business Ventures. Please visit
our website
for more information about the company.